former con wrote on Sep 15, 2008 8:50 PM:Our Republican friends screech endlessly about free market! free market! Get rid of all the regulations! Let the market decide!

Geroge “W” has a big televised ceremony in 2002 chopping up telephone book sized sets of regulations that kept financial institutions from making bad loans. He used an axe--very dramatic. How did that work out my Republican friends?

Banks no longer had to show that those taking out loans could afford to pay the loans back thanks to Bush and his axe.

Three years before in 1999 Phil Gramm (John McCain chief financial advisor)lobbies Republican Congress to get all regulations removed from Fannie Mae and Freddie Mac. The hired Conman, Gramm, says it will allow Fannie and Freddie to be "creative." Translation--no rules to stop big Republican political donors from making big money off the backs of the middle class.

The price of ordinary houses rises hundreds of thousands over the price a truly “free” and fair market would set. A Republican free market is a market where the buyers do not need to prove they could had the finacila resources to pay back their loans. Gramm McCain's,unregulated Fannie Mae and Freddie Mac do not have to investigate the loans they buy. No its just buy, baby buy. Obtain those“bundled” loans as fast as possible with no oversight and no rules, thanks to the good work of their paid conman Phil Gramm.

You would think our mendacious con friends would have a conscious and say they are sorry. No way. This morning on CSPAN I heard one of the paid flim flam men from the Republican propaganda mill, the American Enterprise Institute. Guess what? Bush and Gramm/McCain had nothing to do with it. No, it’s all Lyndon Baines Johnson’s fault. Very Republican. Never take responsibility. No matter how terrible you have screwed up, blame the other guy. Permanent political campaign. "It’s a war. Don’t worry about collateral damage, just attack, baby, just attack. Any lie will do. Our opinion makers on AM radio can convince their listeners to believe anything we tell them to believe."

What a great country! The billionaire boy’s club not only have bought and now own every the Republican Congressman, this Republican president and the next, they own a whole series of propaganda mills to provide political cover on TV and radio.

The elected Republicans in the federal government do whatever they are told to do by their billionaire donors. When the collapse comes, the billionaires rely on AEI, Competitive Enterprise Institute, Manhattan Institute, Hoover Institute, American Heritage Foundation, Hudson Institute, etc. to provide the on air Radio Republican "opinion makers" with disinformation to convince the gullible that is not the fault of the Republican rape and pillage of the middle class with no regs, "free market" schemes.

No it’s the victims fault. "Bundh of whiners." Turn down is a mental depression." "The fundamentals of the ecomomy are strong." The victims were too stupid to read the hundred pages of complex loan documents. Prepayment penalties had nothing to do with it. Stupid people should not have bought houses at the top of the market. Bubbles happen. Too bad homeowners no bailout, you are not Bear Sterns or AIG. The voters elect a democrat here and there. The voters deserve it for daring to vote against the interest of the billionaires and electing a democrat. The old and infirm did not leave New Orleans before Katrina. It’s their fault for being too disabled to leave.

Remember AM radio listeners, do not complain. Do not ask what happens to all the regulations and government agencies that were suppose to protect the ordinary American. No if you ask those questions you are whining. You want a nanny state. Just vote the way Rush and Fox tell you to. Do not mind the paid off CON-men behind the curtain.

But wait - Flailin-Palin is a reformer wrote on Sep 15, 2008 9:16 PM:hahahaha, you can put lipstick on a republcian, but it is still a republican!!!!

MBA wrote on Sep 15, 2008 9:51 PM:A fool and his money are soon parted. Don't trust the fools being paid to "manage" your money. They know nothing more than a chimp. Think of all the financial geniuses at Merrill Lynch and Lehman Brothers. Remember its not their money and they only make money by managing yours.

To Former Con wrote on Sep 16, 2008 6:18 AM:I could not have said it better...The republicans just act like its somebody elses fault instead of taking any blame..McCain supporters are idiots that cant see who's hitting them on the head no matter how many times they are being hit...They just cheer him on because he is a republicant that chose an idiot religious freak to rile up the idiot religous base of this country that would rather suffer than admit that their policies have wrecked the country...McCain = BUSH...same advisors, same campaign...PERMENANTLY..Luckily my family saw this coming and prepared....We knew that it was going to be bad because the president and John McCain said it was not going to be so bad...THey are all LIARS....since day number 1, but the republicants will ALWAYS argue otherwise!!

local osider wrote on Sep 16, 2008 7:06 AM:Action= Unregulated free market economy
Effect= Greed, corruption, golden parachutes
Reaction= Socialism in America, bank bailouts, corporate welfare

Still the republicans march on pointing at someone else. If they cant accept responsibility now.....it will NEVER happen.

not involed wrote on Sep 16, 2008 8:49 AM:I'm so thankful I did not join the housing bubble, I sure got tempted. I'm sure glad I got rid of B-of-A. I didn't trust recruitment for a 401K. Last, but not least, don't get a flu shot, it may put you out of work.

Disgusted wrote on Sep 16, 2008 10:51 AM:Former Con is right on target. During the past several years of Excessive living (big houses - Big SUVs etc. ) all the overfed airheads felt rich and became republicans. Now there is no more wealth in housing or in your IRA, you can't borrow anymore and your wages have been going down relative to inflation and real family wealth gains, so now the finger pointing begins. How about pointing to yourself for believing in the lies of the past several years. Trickle down is only trickling down pain and suffering with more to come, but don't tax the wealthy for that would be a sin of GOD. If you don't believe me - just ask Rush. America is getting poorer and they still believe the propaganda of the past. No more trickle down...we need to readjust our economy to distribute wealth so when you say the consumer is responsible for 70% of our economy, at least you give them some real dollars to spend to support our economy and not borrowed dollars that only further puts them into debt. False wealth and lies got us to where we are today and only the truth and moving away from a failed economic policy will save us.